Jan dhan yojana essay

article on jan dhan yojana

For such a meager amount, it is unfair to expect a BC to visit villages or slums at regular intervals, open new bank accounts for the poor people, process financial trans-actions, educate customers about banking services and answer all queries of the customers.

These customers may result in potential clients for other banking services like loans.

Jan dhan yojana benefits

Its main features include Rs 5, overdraft facility for Aadhar-linked accounts, RuPay Debit Card with inbuilt Rs 1 lakh accident insurance cover and minimum monthly remuneration of Rs 5, to business correspondents who will provide the last link between the account holders and the bank. Common man will get direct benefit of government subsidies. Long and Short Essay on Jan Dhan Yojana in English Let your kids to know something about this scheme and participate in the essay writing competitions in the school or outside the school using such simply and easily written essay on Jan Dhan Yojana. Stick to the format of the essay as discussed earlier, An essay should be divided in three paragraphs: Introduction around 40 words Body around words Conclusion around 50 words For a better understanding, it is recommended that you open the earlier articles while reading this one. If address changes then person needs to submit fresh address proof to the bank. The expanded financial architecture will need personnel, which is lacking, and could be important supply side deficit. These customers may result in potential clients for other banking services like loans. According to this scheme, around one crore bank accounts were to be opened on the first day of launch. Once you become an account holder, you will get Rs 1 lakh insurance immediately without filling any separate form. Other ambiguities and problems with the scheme and suggestions to tackle them are: People may open multiple accounts using different ID proofs on the lure of getting insurance covers.

Jan-Dhan Yojana scheme will allow government to return people's money to them. The scheme will be beneficial for the poor. Its main features include Rs 5, overdraft facility for Aadhar-linked accounts, RuPay Debit Card with inbuilt Rs 1 lakh accident insurance cover and minimum monthly remuneration of Rs 5, to business correspondents who will provide the last link between the account holders and the bank.

jan dhan yojana essay for ssc

Money saving scheme is very necessary to make an end level development in the India which can be started and achieved by making people living in the rural areas more couscous about their saving. This effectively prevented people from easily accessing their own savings and discouraged them from using formal banking channels.

The banking network is all set to open bank accounts of the uncovered households in both rural and urban areas. Performance[ edit ] Due to the preparations done in the run-up, as mentioned above, on the inauguration day, 15 million bank accounts were opened. Once you become an account holder, you will get Rs 1 lakh insurance immediately without filling any separate form.

jan dhan yojana essay upsc

Various political leaders appreciated this scheme.

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Essay on Jan Dhan Yojana for Children and Students